Carbon pricing and electricity markets — The case of the Australian Clean Energy Bill

Maryniak, Paweł; Trück, Stefan; Weron, Rafał

doi:10.1016/j.eneco.2018.06.003

Cited by 34 publications

(17 citation statements)

References 52 publications

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“…Thus, there has been increased interest in calculating the returns of the energy sector, especially of RES companies. Some research has examined the relationships among renewable energy stocks, changes in the oil price, other equity indices, carbon prices and carbon pass-through rates, e.g., [5][6][7][8][9][10][11]. Other studies have aimed attention at financial performance [12][13][14][15] and the relationship between corporate environmental performance and financial performance [16][17][18][19].…”

Section: Methodsmentioning

confidence: 99%

Comparison of the Financial Standing of Companies Generating Electricity from Renewable Sources and Fossil Fuels: A New Hybrid Approach

Tomczak

2019

Energies

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Companies operating in the energy sector are under pressure to boost the level of green energy production. The use of renewable energy sources will have a positive impact on the environment, but the basic question is whether power plants that produce electricity using renewable energy sources are in better financial condition than those that use only traditional energy sources. We address the latter using a new hybrid approach that extends prior research by combining three analyses: ratio analysis with a large set of indicators, the Altman model and cluster analysis. To test the statistical significance of differences between groups, Student’s t-test is applied. The sample concerns companies from the Baltic States and Central Europe in the years 2008–2017. The results indicate that in most cases there is no statistical difference in the financial standing of companies that use renewable energy sources and those that generate only fossil fuel-based energy.

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Section: Methodsmentioning

confidence: 99%

Comparison of the Financial Standing of Companies Generating Electricity from Renewable Sources and Fossil Fuels: A New Hybrid Approach

Tomczak

2019

Energies

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“…Managi and Okimoto [16] analyze the relationships between oil prices, clean energy stocks prices and technology stock prices. The impact of legislation on electricity future contracts in examined by Reference [17]. Studies also investigate the financial performance of firms operating in the energy sector [18][19][20][21][22].…”

Section: Introductionmentioning

confidence: 99%

Is Investing in Companies Manufacturing Solar Components a Lucrative Business? A Decision Tree Based Analysis

2020

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In an era of increasing energy production from renewable sources, the demand for components for renewable energy systems has dramatically increased. Consequently, managers and investors are interested in knowing whether a company associated with the semiconductor and related device manufacturing sector, especially the photovoltaic (PV) systems manufacturers, is a money-making business. We apply a new approach that extends prior research by applying decision trees (DTs) to identify ratios (i.e., indicators), which discriminate between companies within the sector that do (designated as “green”) and do not (“red”) produce elements of PV systems. Our results indicate that on the basis of selected ratios, green companies can be distinguished from the red companies without an in-depth analysis of the product portfolio. We also find that green companies, especially operating in China are characterized by lower financial performance, thus providing a negative (and unexpected) answer to the question posed in the title.

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“…Through analyzing the effect of carbon pricing up to 2060 in Canada, Lyseng et al (2016) argued that natural gas power generation is the most cost-effective method, even with the extensive buildout of wind and solar power occurs. Maryniak et al (2019) stated that it is difficult to develop a low-carbon power supply through the carbon pricing mechanism as the intermittency of solar and wind power generation must be compensated using natural gas-fired power generation as a dispatchable power supply. As the introduction of solar and wind power generation facilities increases, the extent of thermal power generation will be low.…”

Section: Literature Reviewmentioning

confidence: 99%

Analysis of inter-regional effects caused by the wide-area operation of the power grid in Japan: an implication for carbon pricing schemes

Nakano

Washizu

2020

Environ Econ Policy Stud

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In this research, we examine the socioeconomic impact of carbon pricing (CP) mechanism-related energy policies under the technical constraints of Japan. For this, we have created the InterRegional Input-Output Table for a Next Generation Energy System (IONGES) in 2030, considering these technical constraints. Namely, we created three InterRegional IONGESs with different assumptions for the widearea operation of the power grid. The results show that the technical constraints of the power grid influence the interregional distribution of renewable energy. Top ten regional renewable energy sectors (TOP10), which has a large production scale, account for approximately 54% of renewable energy generation, which was found to be biased. From the viewpoint of consumers in each region, we analyzed the share of the electricity cost required to support their consumption. If the CP mechanism is implemented under the technical constraints of the current power grid, consumers in each region will be impacted unequally. However, it was found that such inequality will be solved under the wide-area operation of the power grid.

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Carbon pricing and electricity markets — The case of the Australian Clean Energy Bill

Cited by 34 publications

References 52 publications

Comparison of the Financial Standing of Companies Generating Electricity from Renewable Sources and Fossil Fuels: A New Hybrid Approach

Comparison of the Financial Standing of Companies Generating Electricity from Renewable Sources and Fossil Fuels: A New Hybrid Approach

Is Investing in Companies Manufacturing Solar Components a Lucrative Business? A Decision Tree Based Analysis

Analysis of inter-regional effects caused by the wide-area operation of the power grid in Japan: an implication for carbon pricing schemes

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